‘New Vehicles, New Markets, New Opportunities.’ An assessment of future trends, timescales and technology for low-carbon vehicles in China.
This report was commissioned by UK Trade & Investment and SMMT to inform and guide their future programmes promoting links between British and Chinese advanced engineering companies. The principal objectives of this report are:
-to explore at first hand, the range and scope of projects initiated by China’s auto makers to develop low carbon and alternative-energy vehicles
-to develop low carbon and alternative-energy vehicles
-to define Chinese perceptions of, and attitudes towards, new-energy vehiclesxplore, at first hand, the range and scope of projects initiated by China’s automakers
-to identify the main development trends currently emerging in the Chinese market
-to investigate which technologies are attracting the greatest interest and resources
-to highlight which indigenous Chinese auto makers are developing credible and adequately supported research programmes
-to indicate the best business opportunities offered by those programmes
China has rapidly become the largest car market in the world. Chinese auto sales rose 35.97 percent year on year to 13.14 million units in the first nine months of 2010, holding onto its unrivalled number one position in the world, according to data published by the China Association of Automobile Manufacturers.
Senior representatives from across the industry envisage the domestic market size reaching 30 million units by 2020. Plans are to invest over $14.7 billion to leap frog the world in the new energy vehicles market.
The ‘Doing Business Guide for China’ gives an overview of China’s economy, business culture, potential opportunities and an introduction to other relevant issues.